952-893-7592
6499 University Ave NE, Fridley, MN for Sale
Office - FOR SALE
1/24
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6499 University Ave NE
Fridley, MN 55432


HIGHLIGHTS

  • 6499 University Ave’s current 100% occupancy provides investors with a strong current return
  • The current occupancy provides investors with durable cash flow
  • Strong, committed anchor tenancy by Benedictine Health

OVERVIEW

Cushman & Wakefield is pleased to present 6499 University Ave, a 74,377 square foot boutique office project in desirous northeast suburban Minneapolis, Minnesota. Currently 100% leased, 6499 University provides investors with durable cash flow, long-term weighted average lease term (WALT), strong-anchor tenancy, an attractive basis, and a coveted, highly visibility location.  The project is occupied by four diverse tenants, including two strong performing non-profit tenants, Benedictine Health Systems and Rise, Inc., along with Northeast Metropolitan Intermediate School District No. 916, who recently signed a 10 year lease at the project and Integrated Business Solutions, who recently signed a 5 year lease at the project. The combination of these four, diverse tenants provides investors with a 6.1 year WALT at the project.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6499 Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

320

LAND DETAILS

LAND ACRES

3.76 AC

LAND SF

163,786 SF

ZONING

C

APN/PARCEL ID

14-30-24-31-0101

ASK ABOUT THIS PROPERTY

Avery TicerCushman & Wakefield Minneapolis-St. PaulMore Info
952-893-7592

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Avery TicerCushman & Wakefield Minneapolis-St. PaulMore Info
952-893-7592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.